France Telecom announced today the signature of an agreement with the
Jordanian Government in Amman for the acquisition of 10% plus one share in the
capital of Jordan Telecom, for a total of 129 million Jordanian dinars,
representing approximately 145 million euros. This acquisition will be made
through JITCO, a wholly-owned subsidiary of France Telecom, which has already
held a 40% stake in Jordan Telecom since January 2000.
Following this transaction, which is expected to be finalized by the
beginning of July 2006, France Telecom will hold a majority interest in Jordan
Telecom as well as an option to purchase a further 1% in Jordan Telecom's
capital, for a maximum amount of 12,9 million dinars representing approximately
14,5 million euros.